MCap of 6 leading firms in top 10 sees ₹57,408 crore dip; TCS, HDFC Bank worst hit

livemint.com:

₹57,408.22 crore, till January 5. Tata Consultancy Services (TCS) and HDFC Bank were the hardest hit, aligning with subdued trends in the equity market. Despite reaching an all-time high of 72,561.91 on January 1, the BSE benchmark recorded a decline of 214.11 points, or 0.29 per cent.

Also Read | Over 45 BSE small-cap stocks surge between 15-50% even as market ends week flat Among the top-10 firms, TCS experienced the most significant drop in market valuation, falling by ₹20,929.77 crore to ₹13,67,661.93 crore. HDFC Bank's market capitalization decreased by ₹20,536.48 crore to ₹12,77,435.56 crore. Hindustan Unilever witnessed a dip of ₹10,114.99 crore, reaching ₹6,15,663.40 crore.

Also Read | How will HDFC Bank, Axis Bank, SBI and others perform in 2024? 5 key trends that will determine banks' performance Infosys observed a decrease of ₹4,129.69 crore in market capitalization, settling at ₹6,36,222.11 crore. ICICI Bank's valuation dropped by ₹1,608.05 crore to ₹6,97,357.42 crore. The market capitalization of State Bank of India decreased by ₹89.24 crore to ₹5,72,826.22 crore.

Also Read | HDFC Bank Q3 Update: Gross advances rise 62.4% to ₹24.69 lakh crore; deposits up 27.7% YoY On a positive note, Reliance Industries saw a surge of ₹14,816.85 crore, reaching ₹17,63,644.77 crore. ITC added ₹14,409.32 crore, bringing its valuation to ₹5,91,219.09 crore. Bharti Airtel's market valuation increased by ₹8,200.55 crore, reaching ₹5,88,846.09 crore.